an old nautical term for tempting a new recruit to the bowels of the ship for the purpose of homosexual activities
"see Roger, if you bend right over you can see the golden rivet"
by theWestHamfan November 05, 2003
A Naval prank played on new ship members for them to search for a golden rivet in the ships structure. Commonly ambiguous with a homosexual act as an "initiation" of the person. The latter is the generally accepted civilian meaning, however it is not referred to by anyone in the Navy, nor is the term spoken of.
You'll be part of the crew once you find the golden rivet.
by Zebde March 16, 2007